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20/10 Nasreen Rasia
Senior HR Generalist at JTC

Views:366 Applications:57 Rec. Actions:Recruiter Actions:22

JTC - Senior Accountant (4-10 yrs)

Kuwait/Middle East/Overseas/International Job Code: 1328889

- The individual will be an active member of the Finance team.


- The successful candidate will have analytical skills with accuracy and providing data support on timely basis for both internal and external customers and have the demonstrated ability to effectively manage and process high volume data as finance partner for the organization.

Duties & Responsibilities include but not limited to:

Operational reporting:

- Overall ownership of period finance reports.

- Ensure accuracy of all reports and timeliness in reporting.

- Ensure accuracy and completeness of finance databases and other resources in the system.

- Update existing financial statements and develop new reports in response to business requirements.

Accounting Management:

- Analyze and maintain the general ledger.

- Prepare monthly journal entries and adjustments, including supporting documentation and appropriate descriptions.

- Prepare monthly cost allocations, financial statements reconciliations.

- Reconciliation of intercompany entries and other control accounts.

- Perform general accounts analysis and reconciliations, including bank statements, fixed assets, employee accruals, other accruals, and prepaid expenses.

- Closing financial statements monthly.

- Collaborating with various departments such as Sales, Legal and other departments.

- Preparation of financial reports such as financial statements and schedules forming part of monthly, quarterly closure and yearend audit requirement (Balance Sheet, Profit and Loss Account, Cash flow etc.)

- Compliance reporting for Internal, Statutory auditors and local agencies

- Adhering to accounting standards and regulations.

- Performs other duties as assigned by supervisor.

Funding and Banking Relationship Management:

- Take ownership of cash management procedures to ensure efficient handling of funds.

- Act as the primary point of contact for day-to-day communication with banks, managing routine activities effectively.

- Coordinate the preparation of Letter of Credit (LC) documentation, facilitating communication between Procurement, Suppliers, and Bank Personnel.

- Cultivate and maintain strong relationships with banks and insurance companies.

- Monitor the utilization of banking facilities, providing data and documentation to support the establishment and renewal of facilities.

- Track utilization of Facilities with banks and provide data support and documentation to banks on establishing new facilities and renewal of existing facilities. Allocate funds across different bank accounts based on upcoming financial commitments.

- Verify that bank charges align with contractual agreements and agreed terms.

- Generate and submit financial reports detailing the current financial status and forecasting.

- Ensure accurate archiving of banking facilities contract documents.

- Obtain and analyze Fixed Deposit and Forex rates, presenting comparisons for informed decision-making.

- Engage in preliminary negotiations for Fixed Deposit and Forex rates.

Insurance and Risk Management:

- Coordinate with insurance companies, advisors, and stakeholders to manage insurance-related matters.

- Knowledge of various risks to which a corporate entity is exposed, and its mitigation through various Insurance products.

- Awareness of insurance terminology, claims follow up and settlement process.

- Monitor and process incident reporting, initiating claims in accordance with insurance policies.

- Follow up on outstanding insurance claims, ensuring timely settlement.

- Organize and maintain insurance policy documentation, providing necessary policies to internal stakeholders and under various contracts.

- Coordinate the issuance, collection, and submission of Insurance certificates.

- Request and evaluate insurance quotes, conducting comparisons to make informed decision-making.

- Perform reconciliations and create payment schedules for Insurance companies.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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